FIRST QUARTERLY REPORT OF 2022
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
中
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00753)
FIRST QUARTERLY REPORT OF 2022
This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The board of directors (the "Board") of Air China Limited (the "Company") held a meeting of the Board on 28 April 2022 and passed the resolution approving the first quarterly report of 2022 of the Company for the period ended 31 March 2022 (the "Reporting Period" or "Period") prepared in accordance with the PRC Accounting Standards for Business Enterprises.
IMPORTANT NOTICE
The Board and the supervisory committee of the Company together with the directors, supervisors and the senior management of the Company guarantee that the contents of the quarterly report are true, accurate and complete and do not contain any false representation, misleading statement or material omission, and shall jointly and severally accept legal liability.
The person in charge of the Company, person in charge of accounting function and person in charge of accounting department (accounting superintendent) hereby guarantee that the financial statements set out in this quarterly report are true, accurate and complete.
Whether the first quarterly report of the Company is audited
Yes X No
I. MAJOR FINANCIAL DATA
(1) MAJOR ACCOUNTING DATA AND FINANCIAL INDICATORS
Unit: RMB'000
|
Items |
During the ReportingPeriod |
Increase/decrease as compared to the same period of the previous year (%) |
|
|
|
|
|
Revenue |
12,917,577 |
-11.41 |
|
Net profit attributable to shareholders of the listed company |
-8,899,923 |
N/A |
|
Netprofitattributabletoshareholders of the listed company after deducting non- recurring profits and losses |
-8,962,346 |
N/A |
|
Netcashflowsfromoperatingactivities |
-7,658,829 |
N/A |
|
Basicearningspershare(RMBpershare) |
-0.65 |
N/A |
|
Dilutedearningspershare(RMBpershare) |
N/A |
N/A |
|
Weightedaveragereturnonnetassets(%) |
-15.64 |
Decreasedby 7.31percentage points |
|
|
Attheendofthe Reporting Period |
Attheendofthe previous year |
Increase/decrease at the end of the ReportingPeriod as compared to the end of the previous year (%) |
|
|
|
|
|
|
Total assets |
293,138,034 |
298,415,152 |
- 1.77 |
|
Owners' equity attributable to shareholders of the listed company |
52,375,762 |
61,402,519 |
- 14.70 |
(2) Items and amount of non-recurring profits and losses
Unit: RMB'000
|
Items |
Amount for thePeriod |
|
|
|
|
Gainsorlossesondisposalofnon-currentassets |
-4,081 |
|
Governmentsubsidiesrecordedintheincomestatementforthecurrent period (excluding those closely related to the Company's normalbusinessandcontinuouslyentitledtoinfixedamountsorquotasin accordancewiththerequirementsofthestatepolicy) |
73,932 |
|
Gainorlossfromchangeinfairvaluebyholdingtradablefinancial assets, derivative financial assets, tradable financial liabilities andderivative financial liabilities, and investment income from disposal oftradable financial assets, derivative financial assets, tradable financialliabilitiesandderivativefinancialliabilitiesaswellasotherdebt investments, excluding the effective hedging businesses related with thenormal operations of the Company |
-657 |
|
Switch-back of impairment provisions of accounts receivable andcontractassetsthathaveundergoneimpairmenttestalone |
2,892 |
|
Othernon-operatingincomeandexpensesbesidestheaboveitems |
14,539 |
|
Less:Effectofincometax |
13,589 |
|
Effectofnon-controllinginterests(aftertax) |
10,613 |
|
|
|
|
Total |
62,423 |
|
|
|
Explanation of non-recurring profits and losses items listed in the "Interpretative Announcement for Information Disclosure of Companies That Issue Securities to the Public
No.1 - Non-recurring Profits and Losses" ( 《
第 1 號 ) which are defined as recurring profits and losses items
Applicable X Not applicable
(3) Particulars of, and reasons for, changes in major accounting data and financial indicators
3 Applicable Not applicable
|
Items |
Percentage of Change(%) |
MajorReasons |
|
|
|
|
|
Net profit attributable to shareholders of the listed company |
N/A |
Mainly due to the combined effects of thedomesticsporadicoutbreakof the pandemic and the rising aviation fuel price |
|
Net profit attributable to shareholdersofthelisted company after deducting non-recurringprofitsand losses |
N/A |
Mainly due to the combined effects of thedomesticsporadicoutbreakof the pandemic and the rising aviation fuel price |
|
Net cash flows from operating activities |
N/A |
Mainlyduetotheeffectofthe decrease of deposits received by the finance company under the Group during the Period |
|
Basic earnings per share (RMB per share) |
N/A |
Mainly due to the combined effects of thedomesticsporadicoutbreakof the pandemic and the rising aviation fuel price |
II. INFORMATION OF SHAREHOLDERS
(1) Total number of holders of ordinary shares, the number of holders of preference shares with restored voting rights and the particulars of the top 10 shareholders
Unit: share
|
Total number of holders of ordinary shares asattheendoftheReportingPeriod |
111,662 accounts, of which 3,022 wereregisteredshareholdersofHshares |
Total number of holders of preference shares with restored voting rights as attheendoftheReportingPeriod (account,ifany) |
/ |
|
Particulars of the top 10 shareholders |
||||||
|
Name of shareholder |
Nature of shareholder |
Number of sharesheld |
Shareholding percentage |
Number ofshares heldsubject toselling restrictions |
Shares pledged, marked or frozen |
|
|
Status |
Number |
|||||
|
|
|
|
(%) |
|
|
|
|
|
|
|
|
|
|
|
|
China National Aviation Holding CorporationLimited |
State-owned legal person |
5,952,236,697 |
40.98 |
0 |
Frozen |
127,445,536 |
|
|
|
|
|
|
|
|
|
Cathay Pacific Airways Limited |
Foreign legal person |
2,633,725,455 |
18.13 |
0 |
Nil |
0 |
|
HKSCC NOMINEES LIMITED |
Foreign legal person |
1,688,204,365 |
11.62 |
0 |
Nil |
0 |
|
China National Aviation Corporation (Group)Limited |
Foreign legal person |
1,556,334,920 |
10.72 |
0 |
Frozen |
36,454,464 |
|
Particulars of the top 10 shareholders |
||||||
|
Name of shareholder |
Nature of shareholder |
Number of sharesheld |
Shareholding percentage |
Number ofshares heldsubject toselling restrictions |
Shares pledged, marked or frozen |
|
|
Status |
Number |
|||||
|
|
|
|
(%) |
|
|
|
|
|
|
|
|
|
|
|
|
China National Aviation Fuel Group Corporation |
State-owned legal person |
324,541,025 |
2.23 |
0 |
Nil |
0 |
|
China Securities Finance Corporation Limited |
State-owned legal person |
311,302,365 |
2.14 |
0 |
Nil |
0 |
|
Hong Kong Securities Clearing Company Ltd. |
Foreign legal person |
82,153,262 |
0.57 |
0 |
Nil |
0 |
|
Agricultural Bank of China Limited - GF Balanced Preferred Hybrid Securities Investment Fund ( 中 - 廣 合 ) |
Domestic non-state-owned legalperson |
58,402,229 |
0.40 |
0 |
Nil |
0 |
|
Bank of China - YFD Stable Income Bond InvestmentFund( 中 - 易 券 ) |
Domestic non-state-owned legalperson |
42,570,400 |
0.29 |
0 |
Nil |
0 |
|
Industrial Bank Co., Ltd. - GF Stable Preferred Six-MonthHoldingPeriodHybridSecurities Investment Fund ( 興 - 廣 穩 ) |
Domestic non-state-owned legalperson |
32,184,214 |
0.22 |
0 |
Nil |
0 |
|
Particulars of the top 10 shareholders not subject to selling restrictions |
|||
|
Name of shareholder |
Number of tradable shares held not subject tosellingrestrictions |
Class and number of shares |
|
|
Class |
Number |
||
|
|
|
|
|
|
China National Aviation Holding Corporation Limited |
5,952,236,697 |
RMB ordinary shares |
5,952,236,697 |
|
Cathay Pacific Airways Limited |
2,633,725,455 |
Overseas listed foreign shares |
2,633,725,455 |
|
HKSCC NOMINEES LIMITED |
1,688,204,365 |
Overseas listed foreign shares |
1,688,204,365 |
|
China National Aviation Corporation (Group) Limited |
1,556,334,920 |
RMB ordinary shares |
1,332,482,920 |
|
|
|
Overseas listed foreign shares |
223,852,000 |
|
China National Aviation Fuel Group Corporation |
324,541,025 |
RMB ordinary shares |
324,541,025 |
|
China Securities Finance Corporation Limited |
311,302,365 |
RMB ordinary shares |
311,302,365 |
|
Hong Kong Securities Clearing Company Ltd. |
82,153,262 |
RMB ordinary shares |
82,153,262 |
|
Agricultural Bank of China Limited - GF Balanced Preferred Hybrid Securities InvestmentFund ( 中 - 廣 ) |
58,402,229 |
RMB ordinary shares |
58,402,229 |
|
Bank of China - YFD Stable Income Bond Investment Fund ( 中 - 易 ) |
42,570,400 |
RMB ordinary shares |
42,570,400 |
|
Industrial Bank Co., Ltd. - GF Stable Preferred Six-Month Holding Period HybridSecuritiesInvestmentFund( 興 - 廣 六 ) |
32,184,214 |
RMB ordinary shares |
32,184,214 |
|
Explanation on connected relationship or action in concert among the above shareholders |
China National Aviation Corporation (Group) Limited is a wholly-owned subsidiary of China NationalAviationHoldingCorporationLimited.Accordingly,ChinaNationalAviationHolding CorporationLimitedisdirectlyandindirectlyinterestedin51.70%ofthesharesoftheCompany. |
||
|
Explanation on the participation of the top 10 shareholders and the top 10 shareholders not subject to selling restrictions in margin financing and securitieslendingaswellasmarginandsecuritiesrefinancingbusiness(if any) |
Nil |
||
1. HKSCC NOMINEES LIMITED is a subsidiary of The Stock Exchange of Hong Kong Limited and its principal business is acting as nominee for and on behalf of other corporate shareholders or individual shareholders. The 1,688,204,365 H shares held by it in the Company do not include the 166,852,000 shares held by it as nominee of China National Aviation Corporation (Group) Limited.
2. According to the "Implementation Measures on Partial Transfer of State-owned Shares to the National Social Security Fund in the Domestic Securities Market" (Cai Qi [2009] No. 94) ( 《 ( 財 [2009]94 號 )) and the Notice ([2009] No. 63) jointly issued by the Ministry of Finance, the SASAC, China Securities Regulatory Commission and the National Council for Social Security Fund, 127,445,536 and 36,454,464 shares held by China National Aviation Holding Corporation Limited, the controlling shareholder of the Company, and China National Aviation Corporation (Group) Limited respectively are frozen at present.
III. OTHER ALERTS
Other important information that needs to be brought to the attention of investors regarding the Company's operations during the Reporting Period
Applicable X Not applicable
IV. QUARTERLY FINANCIAL STATEMENTS
(1) Type of audit opinion
Applicable X Not applicable
(2) Financial statements
CONSOLIDATED BALANCE SHEET
31 March 2022
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
|
Items |
31March 2022 |
31December 2021 |
|
|
|
|
|
CURRENTASSETS: |
|
|
|
Cashandbankbalance |
11,953,983 |
16,709,664 |
|
Provisionsonpayables |
|
|
|
Contributionsmade |
|
|
|
Financialassetsheld-for-trading |
3,500 |
4,157 |
|
Derivativefinancialassets |
|
|
|
Billsreceivable |
1,193 |
3,591 |
|
Accountsreceivable |
1,565,549 |
2,991,037 |
|
Receivablesfinancing |
|
|
|
Prepayments |
598,670 |
440,274 |
|
Premiumreceivable |
|
|
|
Receivablesonreinsurance |
|
|
|
Provisionsforreinsurancecontracts |
|
|
|
Otherreceivables |
3,466,217 |
3,191,247 |
|
Including:Interestreceivable |
|
|
|
Dividendreceivable |
|
|
|
Purchaseoffinancialassetsresold |
|
|
|
Inventories |
2,611,116 |
2,050,282 |
|
Contractassets |
|
|
|
Held-for-saleassets |
111,502 |
333,884 |
|
Non-currentassetsduewithinayear |
|
|
|
Othercurrentassets |
5,703,688 |
4,672,592 |
|
Totalcurrentassets |
26,015,418 |
30,396,728 |
|
Items |
31March 2022 |
31December 2021 |
|
|
|
|
|
NON-CURRENTASSETS: |
|
|
|
Loansandadvances |
|
|
|
Debtinvestments |
|
|
|
Otherdebtinvestments |
1,329,109 |
1,373,634 |
|
Long-termreceivables |
552,506 |
574,646 |
|
Long-termequityinvestments |
11,125,478 |
12,081,091 |
|
Investmentsinotherequityinstruments |
157,396 |
178,366 |
|
Othernon-currentfinancialassets |
|
|
|
Investmentproperties |
127,210 |
128,782 |
|
Fixedassets |
83,721,874 |
85,009,447 |
|
Constructioninprogress |
33,915,102 |
34,862,651 |
|
Biologicalassetsforproduction |
|
|
|
Oilandgasassets |
|
|
|
Right-of-useassets |
121,067,139 |
119,213,535 |
|
Intangibleassets |
3,502,815 |
3,544,175 |
|
Developmentexpenses |
|
|
|
Goodwill |
1,102,185 |
1,102,185 |
|
Long-termdeferredexpenses |
234,267 |
249,358 |
|
Deferredtaxassets |
10,287,535 |
9,700,554 |
|
Othernon-currentassets |
|
|
|
Totalnon-currentassets |
267,122,616 |
268,018,424 |
|
Totalassets |
293,138,034 |
298,415,152 |
|
CURRENTLIABILITIES: |
|
|
|
Short-termloans |
19,442,120 |
22,001,916 |
|
Short-termfinancingbondspayable |
11,880,363 |
12,332,635 |
|
Borrowingsfromcentralbank |
|
|
|
Contributionsreceived |
|
|
|
Financialliabilitiesheld-for-trading |
|
|
|
Derivativefinancialliabilities |
|
|
|
Billspayable |
377,793 |
199,276 |
|
Accountspayable |
14,405,302 |
13,307,360 |
|
Airtrafficliabilities |
1,926,792 |
2,116,028 |
|
Receiptsinadvance |
|
|
|
Contractliabilities |
1,705,498 |
1,479,717 |
|
Saleoffinancialassetsrepurchased |
|
|
|
Depositsfromclientsandplacementsfromotherbanks |
|
|
|
Brokeragepayable |
|
|
|
Underwritingfeespayable |
|
|
|
Employeecompensationspayable |
2,776,794 |
3,502,384 |
|
Taxespayable |
138,485 |
166,085 |
|
Otherpayables |
16,195,803 |
17,239,846 |
|
Including:Interestpayable |
|
|
|
Dividendpayable |
|
|
|
Feesandcommissionspayable |
|
|
|
Amountspayableonreinsurance |
|
|
|
Held-for-saleliabilities |
|
|
|
Non-currentliabilitiesduewithinayear |
24,080,838 |
19,070,477 |
|
Othercurrentliabilities |
|
|
|
Totalcurrentliabilities |
92,929,788 |
91,415,724 |
|
Items |
31March 2022 |
31December 2021 |
|
|
|
|
|
NON-CURRENTLIABILITIES: |
|
|
|
Reservesoninsurancecontracts |
|
|
|
Long-termloans |
48,114,323 |
43,620,468 |
|
Debenturespayable |
7,492,253 |
9,499,579 |
|
Including:Preferenceshares |
|
|
|
Perpetualbonds |
|
|
|
Leaseliabilities |
77,056,885 |
76,347,051 |
|
Long-termpayables |
5,749,470 |
5,656,909 |
|
Long-termemployeecompensationpayables |
220,736 |
218,336 |
|
Accruedliabilities |
3,136,799 |
3,147,357 |
|
Deferredincome |
533,592 |
544,383 |
|
Deferredtaxliabilities |
326,954 |
328,063 |
|
Othernon-currentliabilities |
1,721,906 |
1,772,209 |
|
Totalnon-currentliabilities |
144,352,918 |
141,134,355 |
|
Totalliabilities |
237,282,706 |
232,550,079 |
|
|
|
|
|
OWNERS'EQUITY (ORSHAREHOLDERS'EQUITY): |
|
|
|
Paid-upcapital(orsharecapital) |
14,524,815 |
14,524,815 |
|
Otherequityinstruments |
|
|
|
Including:Preferenceshares |
|
|
|
Perpetualbonds |
|
|
|
Capitalreserve |
26,270,841 |
26,270,841 |
|
Less:Treasuryshares |
|
|
|
Othercomprehensiveincome |
-532,143 |
-405,309 |
|
Specialreserves |
|
|
|
Surplusreserves |
11,564,287 |
11,564,287 |
|
Generalriskprovisions |
131,916 |
131,916 |
|
Retainedearnings |
416,046 |
9,315,969 |
|
Total owners' equity (or shareholders' equity) attributable to the parent company |
52,375,762 |
61,402,519 |
|
Non-controllinginterests |
3,479,566 |
4,462,554 |
|
Totalowners'equity(orshareholders'equity) |
55,855,328 |
65,865,073 |
|
Total liabilities and owners' equity (or shareholders' equity) |
293,138,034 |
298,415,152 |
Person in charge of the Company: Mr. Song Zhiyong Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
CONSOLIDATED INCOME STATEMENT
January to March 2022
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
|
Items |
First quarter of 2022 |
First quarter of 2021 |
|
|
|
|
|
I. Totalrevenuefromoperations |
12,917,577 |
14,580,678 |
|
Including: Operating income |
12,917,577 |
14,580,678 |
|
Interest income |
|
|
|
Premium earned |
|
|
|
Fees and commission income |
|
|
|
|
|
|
|
II. Totaloperatingcost |
23,144,688 |
23,098,558 |
|
Including: Operating costs |
19,688,533 |
19,241,297 |
|
Interest expenses |
|
|
|
Fees and commission expenses |
|
|
|
Returned premium |
|
|
|
Net reimbursement paid |
|
|
|
Net amounts of provisions on insurance obligations drawn |
|
|
|
Bonus paid on insurance policy |
|
|
|
Reinsurance premium |
|
|
|
Taxes and other levies |
52,195 |
58,856 |
|
Selling expenses |
1,048,349 |
1,095,861 |
|
General and administrative expenses |
1,066,408 |
1,056,567 |
|
R&D expenses |
38,099 |
30,249 |
|
Finance expenses |
1,251,104 |
1,615,728 |
|
Including: Interest expenses |
1,500,782 |
1,313,417 |
|
Interest income |
29,366 |
8,188 |
|
Add: Otherincome |
613,591 |
913,601 |
|
Investment income (loss is represented by "-" sign) |
- 842,440 |
- 1,047,673 |
|
Including: Share of profits of associates and joint ventures |
- 853,876 |
- 1,062,546 |
|
Gains on derecognition of financial assets measured at amortised cost |
|
|
|
Exchange gains (loss is represented by "-" sign) |
|
|
|
Gains from net exposure to hedging (loss is represented by "-" sign) |
|
|
|
Gains from changes in fair value (loss is represented by "-" sign) |
- 657 |
|
|
Impairment loss of credit (loss is represented by "-" sign) |
4,948 |
- 5,228 |
|
Impairment loss of assets (loss is represented by "-" sign) |
|
|
|
Gains fromdisposalofassets(lossisrepresentedby"-"sign) |
1,193 |
- 914 |
|
Items |
First quarter of 2022 |
First quarter of 2021 |
|
|
|
|
|
III. Profitfromoperations(lossisrepresentedby"-"sign) |
- 10,450,476 |
- 8,658,094 |
|
Add: Non-operating income |
27,255 |
27,204 |
|
Less: Non-operating expenses |
17,989 |
7,119 |
|
|
|
|
|
IV. Totalprofit(totallossisrepresentedby"-"sign) |
- 10,441,210 |
- 8,638,009 |
|
Less: Income tax expenses |
- 569,551 |
- 1,690,959 |
|
|
|
|
|
V. Netprofit(netlossisrepresentedby"-"sign) |
- 9,871,659 |
- 6,947,050 |
|
(I) Classified by continuity of operations |
|
|
|
1. Net profit from continuing operations (net loss is represented by "-" sign) |
- 9,871,659 |
- 6,947,050 |
|
2. Net profit from discontinued operation (net loss is represented by "-" sign) |
|
|
|
(II) Classified by ownership |
|
|
|
1. Net profits attributable to shareholders of the parent company (net loss is represented by "-" sign) |
- 8,899,923 |
- 6,207,790 |
|
2. Profit or loss attributable to non-controlling interests (net loss is represented by "-" sign) |
- 971,736 |
- 739,260 |
|
|
|
|
|
VI. Othercomprehensiveincomeaftertax,net |
- 138,086 |
82,705 |
|
(I) Other comprehensive income after tax attributable to owners of the parent company, net |
- 126,834 |
89,375 |
|
1. Other comprehensive income that cannot be subsequently reclassifiedtoprofitorloss |
- 8,021 |
- 1,854 |
|
(1) Changes arising on remeasurement of defined benefit plans |
|
|
|
(2) Other comprehensive income accounted for using the equity method that cannot be reclassified to profit or loss |
|
|
|
(3) Change in fair value of investments in other equity instruments |
- 8,021 |
- 1,854 |
|
(4) Change infair value ofown credit riskof the Company |
|
|
|
2. Other comprehensive income that will be reclassified to profit or loss |
- 118,813 |
91,229 |
|
(1) Other comprehensive income accounted for using the equity method that may be reclassified to profit or loss |
|
|
|
(2) Change infair value of other debt investments |
|
- 1,945 |
|
(3) Amount of financial assets reclassified into other comprehensive income |
|
|
|
(4) Provisions for credit impairment of other debt investments |
|
- 2,387 |
|
(5) Reserve for cash flow hedging |
|
|
|
(6) Exchange difference on translation of financial statements in foreign currency |
- 118,813 |
95,561 |
|
(7) Others |
|
|
|
(II) Other comprehensive income after tax attributable to non-controlling interests, net |
- 11,252 |
- 6,670 |
|
Items |
First quarter of 2022 |
First quarter of 2021 |
|
|
|
|
|
VII. Totalcomprehensiveincome |
- 10,009,745 |
- 6,864,345 |
|
(I) Total comprehensive income attributable to owners of the parent company |
- 9,026,757 |
- 6,118,415 |
|
(II) Total comprehensive income attributable to non-controlling interests |
- 982,988 |
- 745,930 |
|
|
|
|
|
VIII. Earnings per share: |
|
|
|
(I) Basic earnings pershare (RMB pershare) |
- 0.65 |
- 0.45 |
|
(II) Diluted earnings per share (RMB per share) |
N/A |
N/A |
For business combination under common control during the Period, the net profit of merged party before the business combination is Nil, and the net profit of the merged party for the last period is Nil.
Person in charge of the Company: Mr. Song Zhiyong Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
CONSOLIDATED CASH FLOW STATEMENT
January to March 2022
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
|
Items |
First quarter of 2022 |
First quarter of 2021 |
|
|
|
|
|
I. Cashflowsfromoperatingactivities: |
|
|
|
Cash received from sales of goods and provision of services |
14,657,731 |
14,380,541 |
|
Net increase in deposits from clients and placements from banks |
|
|
|
Net increase in borrowings from central bank |
|
|
|
Net increase in contributions received from other financial institutions |
|
|
|
Cash received from premiums of original insurance contracts |
|
|
|
Net cash receipt from reinsurance operations |
|
|
|
Net increase in reserve of the insured and investment |
|
|
|
Cash received from interest, fees and commission |
|
|
|
Net increase in contributions received |
|
|
|
Net increase in cash from repurchase operations |
|
|
|
Net cash receipt from securities trading as agent |
|
|
|
Refund of taxes and levies |
9,761 |
4,636 |
|
Other cash received relating to operating activities |
1,204,029 |
1,624,412 |
|
Subtotal of cash inflows of operating activities |
15,871,521 |
16,009,589 |
|
Cash paid for goods purchased and services received |
9,480,709 |
8,587,763 |
|
Net increase in loans and advances to clients |
|
|
|
Net increase in deposits in central bank and other banks |
|
|
|
Cash paid in respect of claims under original insurance contracts |
|
|
|
Net increase in contributions made |
|
|
|
Cash paid for interest, fees andcommissions |
|
|
|
Cash paid for bonus paid on insurance policy |
|
|
|
Cash paidtooronbehalfofemployees |
6,550,937 |
6,584,075 |
|
Taxes and levies paid |
236,815 |
266,475 |
|
Other cash paid relating to operating activities |
7,261,889 |
1,825,572 |
|
Subtotal of cash outflows from operating activities |
23,530,350 |
17,263,885 |
|
Net cash flows from operating activities |
- 7,658,829 |
- 1,254,296 |
|
Items |
First quarter of 2022 |
First quarter of 2021 |
|
|
|
|
|
II. Cashflowsfrominvestingactivities: |
|
|
|
Cash received from sale and redemption of investments |
30,061 |
722,905 |
|
Cash received from investment income |
22,064 |
291 |
|
Net cash proceeds from disposal of fixed assets, intangible assets and other long-term assets |
233,921 |
8,251 |
|
Net cash proceeds from disposal of subsidiaries and other business units |
|
|
|
Other cash received relating to investing activities |
76,675 |
31,118 |
|
Subtotal of cash inflows from investing activities |
362,721 |
762,565 |
|
Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets |
1,466,844 |
562,481 |
|
Cash paid for investments |
794,343 |
50,000 |
|
Net increase in secured loans |
|
|
|
Net cash payments for acquisition of subsidiaries and other business units |
|
|
|
Other cash paid relating to investing activities |
1,554 |
6,758 |
|
Subtotal of cash outflows from investing activities |
2,262,741 |
619,239 |
|
Net cash flows from investing activities |
- 1,900,020 |
143,326 |
|
III. Cash flows from financing activities: |
|
|
|
Cash received from issuance of debentures |
5,750,000 |
700,000 |
|
Cash received from capital injection |
|
490,148 |
|
Including: Cash received from capital injection of non-controlling shareholders in subsidiaries |
|
490,148 |
|
Cash received from borrowings |
15,029,966 |
13,650,876 |
|
Other cash received relating to financing activities |
|
|
|
Subtotal of cash inflows from financing activities |
20,779,966 |
14,841,024 |
|
Cash paid for repayment of borrowings |
7,581,824 |
4,219,254 |
|
Cash paid for repayment of debentures |
3,250,000 |
1,000,000 |
|
Cash paid for distribution of dividends, profits or paymentofinterestexpenses |
1,588,383 |
1,564,579 |
|
Including: Dividends and profits paid to non-controlling shareholders by subsidiaries |
|
|
|
Other cash paid relating to financing activities |
3,516,104 |
3,616,317 |
|
Subtotal of cash outflows from financing activities |
15,936,311 |
10,400,150 |
|
Net cash flows from financing activities |
4,843,655 |
4,440,874 |
|
Items |
First quarter of 2022 |
First quarter of 2021 |
|
|
|
|
|
IV. Effect of exchange rate changes on cash and cashequivalents |
- 7,693 |
23,666 |
|
|
|
|
|
V. Netincreaseincashandcash equivalents |
- 4,722,887 |
3,353,570 |
|
Add: Balance of cash and cash equivalents as at the beginning of the Period |
15,934,713 |
5,837,998 |
|
|
|
|
|
VI. Balanceofcashandcashequivalentsasattheendof the Period |
11,211,826 |
9,191,568 |
Person in charge of the Company: Mr. Song Zhiyong Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
Particulars in relation to adjustments made to the financial statements as at the beginning of the year for the initial implementation of New Accounting Standards since 2022
Applicable X Not applicable
By Order of the Board
Air China Limited
Huang Bin Huen Ho Yin
Joint Company Secretaries
Beijing, the PRC, 28 April 2022
As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. Ma Chongxian, Mr. Feng Gang, Mr. Patrick Healy, Mr. Li Fushen*, Mr. He Yun*, Mr. Xu Junxin* and Ms. Winnie Tam Wan-chi*.
* Independent non-executive director of the Company
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